Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Sells 31,000 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 31,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the completion of the transaction, the chief operating officer now directly owns 51,495 shares in the company, valued at $3,817,839.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nicholas Konat also recently made the following trade(s):

• On Friday, March 22nd, Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98.
• On Friday, March 15th, Nicholas Konat sold 640 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $62.47, for a total transaction of $39,980.80.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $74.59 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. Sprouts Farmers Market, Inc. has a 52 week low of $32.12 and a 52 week high of $75.95. The stock has a market capitalization of $7.49 billion, a PE ratio of 25.72, a P/E/G ratio of 2.64 and a beta of 0.50. The firm has a 50 day moving average of $65.01 and a two-hundred day moving average of $53.76.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.12. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.13.

Institutional Investors Weigh In On Sprouts Farmers Market

Several institutional investors have recently modified their holdings of SFM. VisionPoint Advisory Group LLC purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth $25,000. Rise Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the first quarter worth about $26,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at about $43,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.